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Landrieu admin might've improperly diverted millions in New Orleans property taxes, docs show

Source: theadvocate.com - May 14, 2018

Mayor Mitch Landrieu's administration may have improperly diverted millions of dollars in property taxes meant for schools, flood protection, drainage, public safety and neighborhood improvements to several state retirement systems.

That’s according to a lawyer for the Downtown Development District and documents filed in its lawsuit seeking a refund of about $400,000.

According to state Supreme Court rulings and an Attorney General’s Office opinion, local governments are not allowed to use property taxes for expenses not approved by voters. However, from at least 2014 to 2016, the city used between $3.7 million and $4.2 million of those taxes to contribute to state pension funds.

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Category: General Business